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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 269,000 gross acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.


TSX:BTE - Post by User

Post by BayStreetWolfTOon Oct 13, 2021 7:56pm
168 Views
Post# 34003380

API & EIA seasonality - History lesson

API & EIA seasonality - History lesson

 

While some may think they are good forecasters saying it will be a build...(I bet today in Toronto I see a cloud...will I nail it lol) historically this is the issue...September and October SHOULD BE building and is already factored into the price of oil as most sophisticated oil traders KNOW oil should build through this time period.


Why did oil NOT drop last week with a build. Well contrary to what Deepblue et al understand this is expected.

For educational purposes pre covid these are the API numbers for October 2019

October 8, 2019  +4.1 million build
October 16, 2019 +10.5 million build
October 22, 2019 +4.45 million build

So yes for the unsophisticated retail investor that may have no idea....the rest of the group gets it.

Any imbecile with a pulse can predict a build lol.

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